Tag: personal guarantee contract
Personal Guarantees – the last straw?
One of the biggest attractions for directors who are also the sole owners of a limited company is the notion that if things do not work out and the business fails their liability will be limited to their personal investment. However, as a company director you may be asked to provide a personal guarantee. A... Read more »
It just got personal
For many self-employed people the attraction of setting up and trading through a limited company is that their personal affairs and the business affairs are kept separate. However when setting up a limited company and obtaining finance many directors find themselves being asked to sign a personal guarantee. Many sign that document without too much... Read more »